NFJ Investment Group LLC Sells 1,941 Shares of Autodesk, Inc. (NASDAQ:ADSK)

NFJ Investment Group LLC decreased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 20.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,716 shares of the software company's stock after selling 1,941 shares during the period. NFJ Investment Group LLC's holdings in Autodesk were worth $2,281,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in shares of Autodesk in the 4th quarter worth about $25,000. Tradewinds Capital Management LLC raised its stake in shares of Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock worth $30,000 after acquiring an additional 50 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in shares of Autodesk in the 4th quarter valued at $30,000. Addison Advisors LLC grew its holdings in shares of Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after purchasing an additional 74 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in Autodesk in the fourth quarter worth $37,000. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ADSK shares. Oppenheimer dropped their target price on Autodesk from $350.00 to $300.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Stifel Nicolaus lowered their price target on shares of Autodesk from $350.00 to $310.00 and set a "buy" rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. lowered their price objective on shares of Autodesk from $300.00 to $280.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. DA Davidson reduced their price target on Autodesk from $285.00 to $265.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, UBS Group lifted their price objective on Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, Autodesk presently has an average rating of "Moderate Buy" and an average target price of $321.36.

Autodesk Stock Performance

Shares of ADSK traded up $6.02 on Tuesday, reaching $260.29. The company's stock had a trading volume of 222,901 shares, compared to its average volume of 1,644,380. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The stock has a market capitalization of $55.44 billion, a P/E ratio of 51.68, a PEG ratio of 2.94 and a beta of 1.49. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The stock's 50 day simple moving average is $267.18 and its two-hundred day simple moving average is $286.92.

Insider Buying and Selling

In other news, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the sale, the chief accounting officer now directly owns 3,003 shares of the company's stock, valued at $802,671.87. This represents a 44.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John T. Cahill bought 2,000 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were purchased at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the purchase, the director now owns 2,000 shares in the company, valued at $534,200. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.14% of the stock is owned by insiders.

About Autodesk

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.